Tower Firm TDF?s Owners Said to Pick Banks for ?10 Billion Sale

Published: 2025-06-11 08:50:33 ET BAM

Published on 06/11/2025 at 08:50

The owners of French towers company TDF Infrastructure SAS including Brookfield Asset Management Ltd. (TSX:BAM) have selected banks to help arrange the potential sale of the company, people familiar with the matter said, after previous attempts to do so failed to materialize. BNP Paribas SA and UBS Group AG are working on preparations for the sale, which could value TDF at about ?10 billion ($11 billion) including debt, said the people, who asked not to be identified as the information is private. A sale process could start as soon as the fourth quarter of this year, they said.